Trade ideas
JXY Testing HighsJXY is at the 96.1 level having pulled from 95.5, there is a possible rise to 96.4 and that may possibly create lower lows for UJ.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Trade idea JXYIf Wave 5 of Wave correction C (orange) complete...Indicate that JPY currency will weak for a few moments...
JXY 31 October 202031 October 2020
Sell JPY
Japanese Yen is showing sign of going down for the next couple days.
Stochastic is in oversold area. If price broke the ascending triangle support, decline can go further down.
JXYThe yen index is currently strong coming from a previously broken resistance turned support level. Follow me on trading view as you view my posts. Thanks.
Yen Pairs - Thrust Higher or Rising Wedge Pattern forming for either a thrust higher or a breakdown that would support Yen pairs and equities. However if continued thrust higher then it makes sense that equities remain pressured along with Yen pairs. USDJPY, AUDJPY will be ideal for long on Yen weakness. AUDJPY, EURJPY, GBPJPY, CADJPY, NZDJPY would be ideal to short for Yen strength.
JXY PRICE ACTION BIGGER PICTURETVC:JXY
This chart forms part of a larger research note and should not be considered financial advice. Please do your own research.
Trading is reactive not predictive take not on how prices act on those key highlighted levels and be aware that Fundamentals and industry sentiments play a role in price movements.
JEN INDEX Monthly ChartHello Traders we are expecting JPY to fall next month and USD to climb this tells us USDJPY is a BUY. Please comment with your view
TREND SETUP AND support & resistance good chance for bullish by bull back we expect cross down trend and hit the resistance level as target as shown on the chart
Japanese Yen Index Key Trading PlanJapanese Yen Index is currently on sideways. The price is most likely to consolidate before making a new momentum trend. Whether its upward or downward trend, we have yet to see if the price breaks the key resistance level of 94 (upside movement) or breaks the support level at 92 (downside movement).
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SHORT Setup For Japanese Yen IndexKey Trading Plan:
i) SHORT to its support level of 92.5 and even lower to 91.2
ii) LONG if the price breaks the resistance level of 94.4 to the Take Profit Target level at 95.4
Japanese Yen Index Movement For This WeekKey Trading Plan:
1) LONG from the current price with the Take Profit Target at 94.2
2) SHORT if the price breaks the support level of 92.5 with the Take Profit Target of 91.5
